Many UK exporters say Brexit trade deal hurts business; price rises loom; US jobless claims rise – as it happened

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

UK businesses are calling on the government for more help exporting to Europe, after new research found that many firms believed the EU trade deal was not helping them grow or increase sales.

The British Chambers of Commerce (BCC) has surveyed 1,000 businesses, and found that a majority said it has created problems such as pushing up costs, increasing paperwork and delays, and putting the UK at a competitive disadvantage.

Just 8% of firms agreed that the Trade and Co-operation Agreement

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US mulls booting Nicaragua from commerce pact over crackdown

MIAMI (AP) — The Biden administration is contemplating making an attempt to expel Nicaragua from a profitable regional free commerce pact — or allocate its priceless sugar quota to a different nation in Central America — to retaliate in opposition to President Daniel Ortega’s crackdown on his opponents, based on a U.S. official.

FILE - Residents watch the inauguration of current President Daniel Ortega, for is fourth consecutive term, on a giant screen set up at a park in the Julio Buitrago neighborhood of Managua, Nicaragua, Jan. 10, 2022. The Biden administration is considering trying to expel Nicaragua from a lucrative regional free trade pact to retaliate against Ortega’s crackdown on his opponents. (AP Photo/Andres Nunez, File)

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FILE – Residents watch the inauguration of present President Daniel Ortega, for is fourth consecutive time period, on an enormous display arrange at a park within the Julio Buitrago neighborhood of Managua, Nicaragua, Jan. 10, 2022. The Biden administration is contemplating making

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Canada, US enterprise teams name for finish to trucker commerce route blockade

US and Canadian enterprise teams on Tuesday demanded truckers protesting in opposition to Covid restrictions finish their blockade of an important commerce route between the 2 international locations.

The Ambassador Bridge connecting Ontario province and the US state of Michigan has been partially blocked to automobile visitors since Monday by supporters of a trucker convoy occupying Ottawa to denounce vaccine mandates and different public well being restrictions.

“Enterprise associations on each side of the border are calling for a swift and quick clearing of the Windsor-Detroit Ambassador Bridge blockade and a well timed re-opening of the bridge,” the teams mentioned

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Can Huawei reinvent itself as a profitable automotive model with its smartphone enterprise nonetheless reeling from US commerce sanctions?

  • Huawei wants to search out new income drivers after its as soon as profitable smartphone enterprise was hobbled by US commerce sanctions
  • Good autos is one space that Huawei has chosen to pursue, betting by itself working system and clever automotive options

At its Good Life showroom in downtown Shenzhen, Huawei Applied sciences Co shows the whole lot from tablets to hoover cleaners because it seeks to woo shoppers in China’s southern tech hub.

However essentially the most eye-catching providing from the Chinese language know-how big is a navy blue sport-utility car, the Aito M5, which Huawei launched final week

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US and China commerce disputes are a possibility. India might grow to be the following tech hub

Bengaluru didn’t grow to be a tech innovation hub in a single day. It reveals key coverage modifications which can be required in India to foster an revolutionary ecosystem.

World efforts to fight the Covid-19 pandemic have modified the notion of the place innovation can happen and have resulted on the earth seeing unprecedented ranges of digital collaboration and sharing of knowledge throughout borders. Nevertheless, numerous world economies are actually trying inside their borders to construct resilient infrastructure and scale back dependence on exterior sources to keep away from uncertainties. This shift in method advantages international locations like India which

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US provides 12 extra Chinese language tech corporations to commerce blacklist

Firms on the blacklist embrace quantum computing builders and chip corporations.

The US Division of Commerce added a dozen Chinese language tech firms to its Entity Checklist on Wednesday, citing nationwide safety and international coverage issues. This continues the “tech decoupling” that was first initiated by the Trump administration.

The 12 blacklisted corporations are primarily quantum computing and semiconductor firms. Eight of the Chinese language tech firms have been sanctioned on account of their alleged roles in aiding the Chinese language army to develop quantum computing capabilities, in line with the assertion issued by the US Division of Commerce.


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